south korea

Techtaka raises $9.5M for its e-commerce fulfillment service

Techtaka, a South Korean online shopping fulfillment startup that provides third-party logistics services for e-commerce sellers, has raised $9.5 million (12.6 billion KRW) in a Series B round of fund

Samsung chief Jay Y. Lee acquitted in 2015 merger case  

Samsung Electronics executive chairman Jay Y. Lee has been declared not guilty on the charge of stock price manipulation and accounting fraud related to the merger of Samsung affiliates in 2015, a Sou

Korea’s Myrealtrip cashes in on travel rebound with $56M in new funding

Myrealtrip is the latest travel tech company to ride a growing post-pandemic tourism industry. The Seoul-based startup said today it has raised $56.7 million (75.6 billion KRW) in a Series F equity ro

Korean micromobility startup Gbike may buy up the competition before its 2025 IPO

While micromobility companies around the globe have been in limbo and hitting snags like bankruptcy, shutdown and layoffs, a Seoul-based shared e-scooters and e-bikes operator called Gbike is gea

Dog cancer treatment ImpriMed aims to expand its AI technology into human oncology

ImpriMed, a California-based precision medicine startup, builds AI-powered dog cancer treatment technology that helps veterinarians identify the most suitable drugs for individual canine and feline bl

Kakao names Shina Chung, previously its VC lead, as new CEO amid ongoing crisis 

South Korean internet giant Kakao — in the middle of multiple investigations over antitrust and securities violations — has appointed a new CEO as it tries to turn the ship around. Shina C

Twitch to shut down in Korea over ‘prohibitively expensive’ network fees

Twitch, the popular video streaming service, plans to shut down its business in South Korea on February 27 after finding that operating in one of the world’s largest esports markets is “pr

South Korea to launch digital currency pilot with 100,000 residents next year

The Bank of Korea (BOK) rolled out details on its pilot program for its retail central bank digital currency (CBDC), stating that 100,000 selected Korean citizens will join the trial in the fourth qua

LG’s IT arm taps Tiger Global-backed QuickNode for web3 pursuit

Despite crypto’s badly tarnished reputation following FTX’s collapse, some large corporations are warmly embracing its underlying distributed ledger technology. LG CNS, the IT solutions su

Korea Investment Partners is the latest Korean VC firm to launch a Southeast Asia fund

More South Korean investors are putting money into Southeast Korea startups, creating an “investment corridor” between the two regions. The latest one is KIPSEA. Short for Korea Investment Partner

Google, Apple face fines in South Korea for breaching in-app billing rules

South Korea’s telecommunication regulator, the Korea Communications Commission (KCC), said Friday that it plans to levy fines on Google and Apple, which could total up to $50.5 million, for violatin

Note-taking app Goodnotes invests $1.9M in digital stationery company WeBudding

Goodnotes said today it has invested $1.9 million into South Korea-based digital stationery company WeBudding.

Coupang to ramp up investment in Taiwan after four quarters of profits

Coupang, a Seattle-headquartered e-commerce company, said it will accelerate its investment in Taiwan after four straight quarters of profits. Coupang was the most downloaded app in the second quarter

South Korea’s digital lender Toss Bank in advanced talks to close $154M funding at a valuation of $2.1B

Fresh off a $154 million funding round in March 2023, South Korean digital lender and neobank Toss Bank is close to raising another $154 million (200 billion won) in equity at a valuation of $2.1 bill

Korean fashion platform Musinsa bags $190M Series C led by KKR at a $2.7B valuation

Musinsa, a Seoul-based fashion marketplace, said Wednesday it has raised a $190 million round of Series C funding led by KKR, with participation from Wellington Management. The new capital put Musinsa

Korea’s Alwayz aims to make online shopping fun again with $46M in funding

Seoul-based e-commerce company Levit, an operator of the shopping app Alwayz, wants to make the shopping experience more entertaining and affordable. The two-year-old startup has recently raised $46 m

Former Samsung exec accused of stealing data to build copycat chip plant in China

A former executive of Samsung Electronics stole the juggernaut’s confidential semiconductor data to build a copycat chip facility in China, South Korean prosecutors alleged on Monday. The 65-yea

Collaborative Fund backs Korea’s Sopoong Ventures to grow its footprint in Asia

Venture capital firms often open a physical office or hire local investors to make inroads into new markets, especially when expanding internationally.   But funds are increasingly exploring a varie

Profitability over growth: 5 investors explain their mantra for South Korean startups

Five investors talk about the uniqueness of South Korean startups, how they've fared in a post-pandemic world and their investment thesis.

Nexon takes 20-year-old MapleStory into web3 with Haechi’s help

Nexon, one of the biggest gaming companies in the world, is wading into web3 like some of its peers in Asia. The developer of MapleStory is creating a blockchain-powered ecosystem based on the 20-year
Load More